The Death Of The Virtuous Cycle

“Most Ph.D. economists, including those at the Federal Reserve, have convinced investors, policy-makers and U.S. citizens that durable economic growth stems from debt-fueled consumer spending. This is not only a patently false claim, but it has immense implications for investors…”

http://www.zerohedge.com/news/2017-05-19/death-virtuous-cycle